NEW YORK, Dec. 27, 2016 /PRNewswire/ -- ABO Capital announced today that its CEO Zandre Campos was featured in CNBC Africa discussing the key facts about African consumers. The article entitled "Five key facts about African consumers" was originally published on CNBC Africa on December 9, 2016.
There is a vast and fast-growing consumer market in Africa. The population in Africa is growing and it is a young market. The economy is also expected to grow 50% in the next few years, creating a world of opportunity. Five key facts that demonstrate the potential of African consumers are that consumers are attached to their smartphones, they are digitally-savvy, they demand quality and are brand-conscious, consumers have money to spend, and they want a modern shopping experience.
"The rise of the consumer culture in Africa mirrors the continent's growth into the 21st Century." said Mr. Campos. "The facts show that African consumers essentially are no different from those everywhere else. For smart businesses and brands, meeting Africa's burgeoning consumer demand could also lead to dramatic growth in the years ahead."
Zandre Campos is chairman and CEO of ABO Capital, an international investment firm that invests in companies in the healthcare, energy, transportation, hospitality, technology and real estate sectors throughout Africa. ABO's mission is to create global value for developing countries in Africa, while contributing to their economic development.
Read the full CNBC Africa article:
About ABO Capital
ABO Capital, formerly Angola Capital Investments, is an international investment firm that invests in companies in the healthcare, technology, energy, transportation, hospitality and real estate sectors throughout Africa. The mission of ABO Capital is to create global value for developing countries in Africa, while contributing to their economic development.
About Zandre Campos
Zandre Campos is one of the great, innovative business leaders and global entrepreneurs emerging out of Africa. Currently, he is chairman and CEO of ABO Capital, an international investment firm headquartered in Angola with holdings throughout the Globe. Mr. Campos was named one of the Top 25 African business influencers and was a recipient of the Distinguished Business Excellence Award by African Leadership Magazine. He is frequently quoted as an expert on Africa in the media and is a recurring contributor for The Huffington Post and US News & World Report. He recently addressed both students and professors at the NYU Africa House on the opportunities in Africa.
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SOURCE ABO Capital